Russian oil exports

Putin publicly admits economic troubles, says defense spending will be cut

Russian dictator Vladimir Putin has acknowledged the country’s deepening economic problems and said defense spending would be reduced amid a downturn and warnings of a possible recession, The Telegraph reported on June 27.

29 June 2025, 11:36 AM

EU to shut backdoor: Commission moves to fully block Russian oil

The European Commission has proposed a ban on the purchase of oil products made from Russian crude as part of its 18th sanctions package against Russia, Ukraine’s Foreign Intelligence Service (SZR) reported on June 12.

12 June 2025, 05:11 PM

Ukraine pushes EU to sanction Russian oil buyers, seize assets

Ukraine will urge the European Union to consider a new and tougher sanctions package against Russia, calling for asset seizures and restrictions on buyers of Russian oil, Reuters reported on May 21.

22 May 2025, 08:15 AM

Top oil buyer slashes Russian imports

China, the world's largest oil buyer, decreased oil imports from Russia by 12.9% to 8.07 million tons in April compared to the same period in 2024, Reuters reported on May 20.

20 May 2025, 11:52 AM

EU planning sanctions on Nord Stream pipelines, Russian oil, shadow fleet

The European Union is preparing a new sanctions package targeting Russia’s Nord Stream 1 and 2 pipelines, oil price cap, shadow fleet, and financial sector to increase pressure on Moscow, European Commission President Ursula von der Leyen said on May 16, according to news agency Interfax-Ukraine.

16 May 2025, 05:43 PM

Biden’s exit strategy stalls as Türkiye’s largest refinery resumes Russian oil purchases

Türkiye’s top oil refiner, Tupras, resumed purchases of Russian Urals crude in April after halting imports earlier this year due to U.S. sanctions, Reuters reported on April 16, citing trade sources.

17 April 2025, 02:32 PM

Russia’s oil and gas revenue plunges 17% in March

Russia’s federal budget revenues from oil and gas dropped by 17% year over year in March 2025 — a decline of 230 billion rubles, bringing total energy income for the month to 1.08 trillion rubles, The Moscow Times reported on April 3.

3 April 2025, 02:39 PM

Russian oil exports

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